ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Algert Global LLC

Algert Global LLC raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 18.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 150,460 shares of the business services provider’s stock after purchasing an additional 22,970 shares during the quarter. Algert Global LLC owned about 0.09% of ExlService worth $5,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of EXLS. Vanguard Group Inc. raised its stake in shares of ExlService by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 17,176,353 shares of the business services provider’s stock valued at $546,208,000 after acquiring an additional 160,723 shares during the period. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService in the 1st quarter valued at approximately $19,417,000. New Covenant Trust Company N.A. purchased a new stake in shares of ExlService in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC raised its stake in shares of ExlService by 28.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 391 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of ExlService by 10.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,063 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 1,373 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EXLS shares. Robert W. Baird boosted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.00 to $42.00 in a research note on Monday, September 9th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their target price on shares of ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC upped their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 1.2 %

NASDAQ EXLS opened at $46.21 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52 week low of $27.95 and a 52 week high of $47.32. The stock has a market capitalization of $7.43 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 2.22 and a beta of 0.99. The firm has a 50 day moving average of $40.64 and a two-hundred day moving average of $35.44.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the previous year, the business posted $0.30 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the transaction, the chief executive officer now owns 1,424,588 shares of the company’s stock, valued at approximately $51,541,593.84. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 461,458 shares of company stock worth $19,986,814. Corporate insiders own 4.16% of the company’s stock.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.